Safeguard Properties Acquires Bank Of America’s Field Servicing Operations

Posted by Orb Staff on August 02, 2012 No Comments
Categories : Mortgage Servicing

12118_safeguard Safeguard Properties Acquires Bank Of America's Field Servicing Operations Safeguard Properties, based in Valley View, Ohio, has reached an agreement to acquire Bank of America's field servicing operations. The transaction is expected to close in 60 to 90 days.

Under the agreement, Safeguard will acquire the employees and vendor network of the field service operations working out of three facilities, and will assume responsibility to inspect and maintain Bank of America's portfolio of defaulted and real estate owned properties.

‘By building and expanding our resources, we are honored to have an even greater impact on protecting and preserving properties for the benefit of our mortgage servicing and investor clients, as well as neighborhoods and communities across the country,’ says Alan Jaffa, Safeguard CEO.

Register here to receive our Latest Headlines email newsletter




Leave a Comment